TotalEnergies Shares Drop 5.11% to €75.25 Amid Easing Tensions Between Washington and Tehran
TotalEnergies' stock falls by 5.11% to €75.25 at midday on Wednesday, May 6, 2026, as Brent crude plummets nearly 8.6% to $100.44. Shell concurrently loses 4.12%. The French oil major moves counter to the CAC 40, which is up 2.79% at 8,287.56 points during the session.
A Decline Aligned with the Drop in Oil Following Diplomatic Signals
Today's movement follows the trajectory of crude oil. Brent drops from around $110 the previous day to $100.44 by midday, following reports of a framework agreement being prepared between Washington and Tehran. Concurrently, Donald Trump has suspended the U.S. operation securing the Strait of Hormuz, interpreted by the markets as a diplomatic opening. The war premium built into oil prices is deflating, which mechanically weighs on the oil majors. Shell drops 4.12% at the same time. However, a decrease in U.S. crude inventories, down 8.1 million barrels for the week ending May 1 according to API figures, limits the extent of the correction on the barrel. TotalEnergies remains historically sensitive to Brent fluctuations, and the session illustrates this direct correlation. As a reminder, the company had reported an adjusted net income of $5.4 billion for the first quarter, up 29% year-over-year, with a dividend raised to €0.90.
Brokers Up, but the Stock Approaches the Lower Bollinger Band
The context of recommendations remains positive. On May 4, TD Cowen raised its price target from €86 to €91 while maintaining a buy rating, representing a potential upside of about 21% from the current price. HSBC raised its target from €77 to €81 with a hold rating. In terms of price, the stock at €75.25 is approaching the lower Bollinger band at €73.78, a difference of 2%. The RSI at 60 remains neutral despite today's drop, indicating that the stock was exiting a marked bullish phase (+21.47% over three months, +48.98% over a year). The MM50 at €74.41 is now just below the current price, which could test it if the decline continues. The MM200 at €59.83 confirms the underlying bullish trend. The detachment of the dividend balance is scheduled for June 30, following the general meeting on May 29.
